What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Spectrum Talent Management Limited IPO?

Based on the upper price band of ₹173 and current GMP of ₹-12, the estimated listing price is ₹161 (approx. -6.9% gain).

What is the expected profit per lot for Spectrum Talent Management Limited IPO?

With a lot size of 800 shares and current GMP of ₹-12, expected profit per retail application lot is approximately ₹-9,600.

IPO GreyPremiumLIVE

Grey Market Intelligence

Spectrum Talent Management Limited

ListedSME

Business Services · NSE

Incorporated in 2012, Spectrum Talent Management Limited is a Delhi-based company engaged in providing comprehensive human resource and staffing services. The company offers a wide range of solutions, including payroll management, recruitment, onboarding, and flexible staffing for both domestic and international clients. As of December 31, 2022, Spectrum Talent had deployed over 15,600 personnel across various client locations and served more than 275 clients globally. Promoted by Mr. Vidur Gupta and Mr. Sidharth Agarwal, who together have 28 years of experience in the staffing industry, the company attributes its success to a strong HR database, structured processes, and a professional, ethics-driven approach that ensures effective global staffing and recruitment solutions.

Price Band

₹169 – ₹173

Issue Size

₹105 Cr

Lot Size

800 shares

GMP

₹12

-6.9%

Est. Listing

₹161

at current GMP

Subscribed

12.32x

overall

Open

9 Jun 2023

14 Jun 2023

Allotment

19 Jun 2023

Refund

20 Jun 2023

Demat Credit

21 Jun 2023

Listing

22 Jun 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Spectrum Talent Management Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹-12-6.9%

Issue Price (Upper)

₹173

Band: ₹169 – ₹173

Estimated Listing Price

₹161

Upper price + GMP

Lot Size

800 shares

Min investment ₹1,38,400

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	-₹12	-6.9%	₹161
30 Oct 2026	-₹12	-6.9%	₹161
29 Oct 2026	—	-6.2%	₹162

About Spectrum Talent Management Limited Public Issue & Market Profile

Spectrum Talent Management Limited is bringing an initial public offering (IPO) in the Business Services sector with an aggregate issue size of ₹105.14 Crores. The shares are offered at a price band of ₹169 to ₹173 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2023-06-14, the basis of allotment is scheduled to be finalized on 2023-06-19. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Spectrum Talent Management Limited IPO GMP today?

The latest grey market premium for Spectrum Talent Management Limited IPO is ₹-12, which indicates an expected listing price of ₹161.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.